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Half of China’s NEV brands likely to fail; exports set for steep growth
Published: 26 Jun 24
More than 130 brands are currently competing in China’s new-energy vehicle (NEV) market, says GlobalData Automotive Division China operations manager John Zeng. Three brands, however, dominate the market, with Tesla, BYD and Seres having taken 42% of the NEV market in the first quarter of this year.
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South African govt, stakeholders seek further WTO support in citrus industry's battle with the EU
Published: 26 Jun 24
The South African government and industry organisations have requested that two panels be established at a meeting of the Dispute Settlement Body (DSB) of the World Trade Organisation (WTO) to examine the stringent citrus import measures being imposed on South Africa by the European Union (EU). The local stakeholders wish to address regulations around citrus black spot (CBS) and false codling moth (FCM) as they deem these to be unscientific and discriminatory.
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Radioactive device on rhino horns rolled out to fight poaching
Published: 26 Jun 24
Beckham, a 1.7 tt rhino named after the English footballer, on Tuesday had a radioactive pellet drilled into his horn as a program to discourage poaching of the endangered animals in South Africa scales up. The Rhisotope Project, which is being run by Johannesburg’s University of the Witwatersrand, is just one of a number of ways ranging from staining horns with dye to cutting them off that conservationists in the country with the world’s biggest rhino population are seeking to protect the animals. It has the added advantage in that horns implanted with the pellets could be detected as they pass through borders, airports and harbours.
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Two killed in mortar attack on South African army base in Congo
Published: 26 Jun 24
South Africa's military said on Wednesday that a mortar attack on one of its bases in eastern Democratic Republic of Congo a day earlier had killed two people and injured 20 others. South African troops are in Congo as part of a deployment by Southern African regional bloc SADC to help the government fight rebel groups.
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Major international funding agencies strengthen cooperation to benefit small farmers
Published: 26 Jun 24
The Organisation of Petroleum Exporting Countries’ Fund for International Development (OPEC Fund) has signed a cooperation agreement with the UN International Fund for Agricultural Development (IFAD). This will expand the existing partnership between the two agencies and strengthen the joint financing of food security and climate resilience projects, to support smallholder farmers around the world. Smallholder farmers are responsible for the production of 33% of the world’s food. “Food security and climate action are cross-cutting strategic themes for the OPEC Fund,” highlighted Fund president Abdulhamid Alkhalifa. “We are committed to supporting a sustainable and just energy transition while ensuring vital food supplies worldwide. We will boost our long-standing partnership with IFAD by working faster and smarter to deliver our support where it is needed most.”
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Citrus Academy launches targeted skills training programme
Published: 26 Jun 24
Nonprofit training organisation the Citrus Academy has introduced a new Citrus SuperPower programme with which it aims to develop the skills and knowledge of supervisors, open new growth and progression opportunities and give workers the opportunity to become supervisors.
The Citrus Academy was established by the Citrus Growers’ Association of Southern Africa (CGA) to enable human resource development in the industry.
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Policy uncertainty index moves further into negative territory in the second quarter
Published: 26 Jun 24
The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) moved further into negative territory in the second quarter, rising to 68.3 points, compared with 65.8 in the first quarter. This is, however, unsurprising given the uncertainty that weighed on business and market sentiment ahead of the national elections.
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Eskom reports arrest of copper cable thief at Matla
Published: 26 Jun 24
State-owned power utility Eskom has apprehended a suspected copper cable thief at the Matla power station after security officers discovered the individual during routine search duties.
The incident, which took place on June 23, was reported to the Kriel police station, with the suspect now facing charges of theft and unlawful possession of about R4 000 worth of copper cable.
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Petco achieves 60% post-consumer PET recycling rate in 2023
Published: 26 Jun 24
Newly released audited data has shown that South Africa’s longest-standing producer responsibility organisation (PRO) Petco achieved a 64% collection and 60% recycling rate for polyethylene terephthalate (PET) beverage bottles placed on the market by its members last year. This exceeds the legislated 58% requirement for post-consumer PET recycling.
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Tianqi asks Chile regulator to reconsider decision on SQM-Codelco deal
Published: 28 Jun 24
China's Tianqi Lithium has appealed Chile's financial regulator to reconsider its decision about the SQM-Codelco lithium deal not needing...
FQM to launch formal arbitration versus Panama in July
Published: 28 Jun 24
Canadian miner First Quantum Minerals will launch formal arbitration proceedings against Panama in July over the country's decision to close the...
